← The Household

Stage 4

The Two Estates

What are the proprietary (variable) consequences of marriage — in community, out of community, and the accrual system?

1

In Community of Property

Marry without an ANC and everything becomes one joint estate.

The joint estate

If the spouses do not execute an antenuptial contract, they are automatically married in community of property. All their assets and liabilities — those owned before and acquired during the marriage — merge into a single joint estate owned by both in undivided, equal half-shares (a tied co-ownership). On dissolution the joint estate is divided equally.

Debts and insolvency

The spouses are jointly liable for the debts of the joint estate. A serious downside: if the joint estate is sequestrated, both spouses are insolvent. Under s 17(4) of the Matrimonial Property Act, a sequestration application must be made against both spouses. Once sequestrated, the joint estate vests in the Master and then the Trustee — the innocent spouse cannot protect their share of the joint assets. Both spouses acquire insolvent status and suffer the associated legal incapacities (e.g., disqualification from company directorships under the Companies Act 71 of 2008). Legal advice: clients in high-risk commercial occupations should consider marrying out of community to protect the household assets.

Excluded assets

A few assets stay outside the joint estate — e.g. assets a testator/donor stipulated must be excluded, and non-patrimonial (general) damages for a delict against one spouse (e.g. for pain and suffering).

Key Rule

No ANC → married in community of property: one joint estate, owned in equal undivided half-shares, divided equally on dissolution. Both spouses share the debts.

Common Mistake

Thinking community of property means each spouse owns specific things. They co-own the whole estate in undivided half-shares — neither owns any particular asset alone.

3

Out of Community by ANC

Contract out of community before the wedding, notarially and registered.

The antenuptial contract

Spouses who wish to marry out of community of property must execute an antenuptial contract (ANC) before the marriage. To bind third parties it must be notarially executed and registered in a deeds registry (Deeds Registries Act 47 of 1937). Out of community means separate estates: each spouse keeps their own assets and liabilities, and there is no joint estate.

Two flavours

  • Out of community with the accrual system — the default for every ANC concluded on or after 1 November 1984, unless the accrual is expressly excluded
  • Out of community without accrual — complete separation of property; the ANC must expressly exclude accrual to achieve this

Changing the system later

Spouses may change their matrimonial property system during the marriage only by application to the High Court under s 21 of the Matrimonial Property Act — showing sound reasons, notice to creditors, and that no one is prejudiced.

Key Rule

Out of community requires a notarial, registered ANC before the marriage → separate estates. Post-1 Nov 1984 an ANC includes accrual unless expressly excluded. Change later only by s 21 court order.

Common Mistake

Thinking an ANC can be signed after the wedding. It must be executed before the marriage; afterwards, the only route to a different system is a s 21 High Court application.

4

The Accrual System

Separate estates during the marriage — but share the growth at the end.

The idea

The accrual system (Chapter I of the Matrimonial Property Act 88 of 1984) combines separation during the marriage with sharing of growth at the end. During the marriage each estate is separate; on dissolution (by death or divorce) the spouse whose estate showed the smaller accrual has a claim for half the difference between the two accruals.

How accrual is calculated

The accrual of an estate = its net value at the end of the marriage minus its commencement value adjusted for CPI (Consumer Price Index). Important: the commencement value must be CPI-adjusted — never subtract the raw/nominal commencement value, as this would inflate the apparent accrual. Commencement values are recorded in the ANC or a statement; an estate with no proven commencement value is taken to have started at nil. Formula: Accrual = Net end value − (Commencement value × CPI adjustment). Claim = ½ × (larger accrual − smaller accrual).

What is excluded from accrual

  • Inheritances, legacies and donations received during the marriage (and, generally, their proceeds) — unless the spouses agree otherwise
  • Assets expressly excluded in the antenuptial contract, and any asset that replaces them
  • Non-patrimonial damages (e.g. for pain and suffering)
  • Donations between the spouses

The claim

The accrual claim arises only at dissolution — it is not a co-ownership during the marriage. It is a personal (money) claim for half the difference in accruals, and it is transmissible to and against deceased estates.

Key Rule

Accrual claim = ½ × (larger accrual − smaller accrual), payable to the spouse with the smaller accrual at dissolution. Exclude inheritances, donations, non-patrimonial damages and ANC-excluded assets.

Common Mistake

Treating accrual as co-ownership during the marriage. Estates stay separate throughout; the accrual claim only crystallises when the marriage ends.